Virginia License Law
When a Virginia real estate transaction involves a property that the licensee personally owns, they must:
AUse a different agent to handle all documents
BDisclose their ownership interest in writing to all parties✓ Correct
CObtain VREB approval before selling
DOnly sell through a court-appointed agent
Explanation
Licensees selling property they own must disclose their license status and ownership interest to buyers in writing. This is required by VREB regulations to prevent any informational advantage.
Related Virginia Virginia License Law Questions
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